Crossrail delayed as government provides £1.3bn loan

Crossrail Elizabeth Line

The opening of Crossrail has been delayed again as Transport for London says the project needs an additional £1.7bn to be completed.

The Department for Transport is loaning £1.3bn for the scheme and the Greater London Authority is providing £100m in cash in order to cover the funding shortfall, which KMPG said could run to up to £1.7bn. 

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue